Large plc, a manufacturer and wholesaler, purchased 600,000 of the 800,000 issued ordinary shares of a smaller company, Small Ltd, on 1 January 2011 when the retained earnings account of Small Ltd had a credit balance of $£ 72,000$.

The latest accounts of the two companies are:

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Summary Income Statements for the year to 30 September 2012 (000s) Revenue Cost of sales and production services Gross profit Administrative and marketing expenses (including depreciation, audit fee and directors' remuneration) Operating profit Dividend received from Small Ltd Net profit before tax Taxation Profit for the year Large plc 10,830 (3,570) 7,260 Small Ltd 2,000 (1,100) 900 (2,592) (180) 4,668 720 180 4,848 720 (2,304) (200) 2,544 520